Few state debtors resort to a settlement

[Intime News]

Despite the forced measures and the pursuit by the Independent Authority for Public Revenue, very few debtors settle their debt or service for the arrangement in which they have entered.

According to the tax administration’s data, out of the €79.18 billion that is the actual overdue debt (there is also €35 billion considered uncollectible) to the tax office, only €5.26 billion is in settlement, 6.65% of the total debts. 

That is a particularly small percentage and, as data show, even a new arrangement would not change the picture, as the same taxpayers and businesses usually enter and leave them. 

The highest percentage of total settled debts from businesses and households is in the range of €10,000 to €100,000. However, the percentages differ between individuals and enterprise: The highest rate of settled debts of individuals is between €500 and €10,000. Meanwhile, businesses settle debts in the range of €10,000 to €100,000 at a higher rate, data show.

Notably, the decrease in debtors comes to a large extent from the lowest debt categories, up to €3,000, with the number of debtors decreasing by 110,019 people.